Quisitive Technology Solutions, Inc.’s $75 Million Credit Facility

Cassels acted as counsel to Quisitive.

On August 27, 2021, Quisitive Technology Solutions, Inc. entered into a new credit facility with a syndicate of lenders led by Bank of Montreal as administrative agent, lead arranger and sole book runner, providing for a five-year term loan of US$70 million and a revolving facility of up to US$5 million.

Proceeds from the term loan were used to payout and retire existing debt obligations of Quisitive with a Canadian Schedule 1 Chartered Bank, with the remaining balance expected to be used to finance future permitted acquisitions.

The revolving facility is expected to be used to fund working capital requirements. The facility is guaranteed by various other Quisitive entities.

Quisitive Technology Solutions, Inc. (CVE:QUIS) operates as a digital technology consulting firm.

The Cassels’ team was led by Carla Potter (Picture) and included Jay Goldman, David Gardos, Lauren Grossman, Paras Patel and Lauren White. 

Involved fees earner: David Gardos – Cassels Brock & Blackwell LLP; Jay Goldman – Cassels Brock & Blackwell LLP; Lauren Grossman – Cassels Brock & Blackwell LLP; Paras Patel – Cassels Brock & Blackwell LLP; Carla Potter – Cassels Brock & Blackwell LLP; Lauren White – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Quisitive Technology Solutions, Inc.;

Author: Martina Bellini